About This Home

Easily one of Bouldin's best blocks. Gated and super private being the back unit, this lock n leave still has plenty of parking (covered and guest), a generous garden with natives on irrigation, and a spacious floorplan with high ceilings throughout. If you're looking for premium walkability and a layout that lives large - don't miss this one. Best Buy in Bouldin under $1mil. They don't make them like this anymore! Flex room downstairs can be office, media room, home gym, hobby heaven - you name it.

At $499/sqft, this home is priced 27% above the Austin active market average of $393/sqft, reflecting premium positioning, typically tied to finishes, lot, location, or view. View Austin market report →

Location

1612 S 3rd St #B, Austin, TX 78704

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Property Details

Price $985,000

Status Active Listing

Beds 3

Full Baths 2

Half Baths 1

Living Area 1,972 sqft

Lot Size 0.12 acres (5,266.4 sqft)

Year Built 2008

Garage ,

Stories ,

Type Residential · Condominium

Subdivision South 03 Street Condo 1612

County Travis

Zip Code 78704

$/sqft $499/sqft

Days on Market ,

HOA None / verify with agent

Annual Tax Est. $16,910.19

Pool Yes

Waterfront ,

New Construction ,

MLS # ACT247220601

List Date September 19, 2026

Elementary School Becker

Middle School Lively

High School Travis

School District ,

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Similar Homes on the Market in Austin

Comparable Listings Right Now

Homes currently for sale in Austin with similar bedroom count, size, and price range, giving you real-time context for how this property's asking price compares to the active market.

AddressList Price$/sqftBeds/BathsSqftDOMListed

613 W Annie St #A
613 West Annie Street Condomin $995,000 $639 2 bd / 3 ba 1,556 sqft , 2026-05-13

2711 Stacy Ln #1
Pearson $995,000 $433 3 bd / 4 ba 2,300 sqft , 2026-06-05

2003 Wilson St #1
J Bouldin Residences $995,000 $492 2 bd / 3 ba 2,024 sqft , 2026-06-17

2003 Wilson St #3
J Bouldin Residences $999,000 $459 3 bd / 4 ba 2,178 sqft , 2026-04-02

2804 Wilson St #B
Sacramento Street Condo Amd $999,999 $444 3 bd / 3 ba 2,250 sqft , 2026-08-19

Source: ACTRIS MLS, live listings. Similar by ±1 bed, ±35% price, ±35% sqft. Contact Luke for a formal comparative market analysis.

Investment Analysis

Rental Income Potential

The numbers below use conservative Austin-market assumptions. They are estimates, not a guarantee. Actual rents vary by condition, timing, and management. Read our full Austin rental property guide →

Est. Monthly Rent

$4,728/mo

0.48% rule · conservative Austin est.

Gross Yield

5.76%

Annual rent ÷ purchase price

Cap Rate (est.)

3.46%

NOI after 40% vacancy + expenses

Down Payment

$197,000

20% conventional investment loan

Monthly Cash Flow Breakdown (20% down · 7.25% rate)

Estimated Gross Rent+$4,728

Principal + Interest−$5,376

Property Tax (~2.1% TX avg)−$1,724

Insurance (~0.5%)−$410

Est. Monthly Cash Flow $-2,782

At current rates and prices, many Austin luxury properties run neutral or slightly negative on pure cash flow, appreciation and equity paydown are the primary return drivers. BRRRR and off-market acquisitions can improve day-one cash flow. Learn about the BRRRR method in Austin →

Commute & Employment

Major Employers Near Austin, TX

Austin sits within commuting range of Austin's major tech, manufacturing, and corporate campuses. Approximate drive times from this area:

Tesla Gigafactory 15-25 min E

Apple Campus (Domain) 20-30 min N

Google / Meta / Indeed 10-15 min downtown

Dell Medical School / UT Austin 10-20 min

Samsung Austin Semiconductor 25 min N

About the Author

Luke Allen

Licensed Austin TX Realtor · TREC #788149 · Full-time since 2019

★★★★★ 5.0 on Google · 30 Reviews

Luke Allen is a full-time Austin TX Realtor with the Austin Marketing + Development Group brokerage. He works with buyers, sellers, and investors across every Austin ISD and the surrounding neighborhoods, from Downtown and East Austin to Round Rock, Cedar Park, and the Hill Country. Every page on this site is written and maintained by Luke. This page was last updated on September 20, 2026.

📞 (254) 718-2567 [email protected] More about Luke →

1612 S 3rd St #B

Location

Property Details

Comparable Listings Right Now

Rental Income Potential

Major Employers Near Austin, TX

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